US copper futures climbed from one-month lows early on Friday, recovering from a sharp sell-off this week tied to concerns about Chinese credit-tightening measures and new US proposals to limit financial risk-taking. Benchmark copper for March delivery rose 5.75 cents, or 1.75 percent, to $3.3525 per lb by 11:13 am EST (1613 GMT) on the New York Mercantile Exchange's COMEX division.
Range extended down from $3.3615 to $3.2670, its lowest level since December 24. COMEX estimated futures volume at 27,932 lots by 11:00 am.
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